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Fickle Financial Headlines Brighten

Suddenly headlines changed, growing less grim than they've been lately.

Friday's retail report quelled growing worries reflected in recent headlines in the financial press about the inversion of the yield curve, the 11-month plunge in manufacturing sector activity, the trade-war with China, and a global economic slowdown hurting the U.S. economy.

Friday's report of an increase of 0.4% in total retail sales in August over July was driven by a jump in auto sales.